City Shanghai, China Financial News

11.07 / 00:49

UPS DOW COMPOSITE US stocks inflation data Global markets update: US stocks up marginally as investors await inflation data

inflation data, due to be released on Wednesday. The S&P 500 gained 3.89 points, or 0.09%, at 4,402.84. The Dow Jones Industrial Average rose 167.86 points, or 0.5%, at 33,902.74.

06.07 / 21:23

COMPOSITE DAX Nikkei Global stock markets plunge on interest rate hike fears

real estate sector tumbled 4.2%. Britain’s FTSE 100 fell 2.2% at 7,280.50. Germany’s DAX dropped 2.6% at 15,528.54. France’s CAC 40 tanked 3.1% at 7,082.29. In Asia, stock markets fell on Thursday, led by Hong Kong shares. Hong Kong’s Hang Seng index slumped 3% at 18,533.05. China’s Shanghai Composite lost 0.5% at 3,205.57.

06.07 / 06:07

UPS Lowe's NIFTY Nikkei KOSPI Asian stocks Asian stocks sink as Fed minutes fuel rate hike bets

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

05.07 / 21:05

COMPOSITE DAX Nikkei US stocks economic data Global markets update: US stocks slide on weak economic data

economic activity fell in June. According to revised figures from the HCOB Eurozone Composite purchasing managers' index, Eurozone economic activity fell to 49.9 points in June, just under the 50-point mark indicating zero growth. The EURO STOXX 50 index closed 0.9% lower, its worst session since end May.

04.07 / 10:23

UPS Twitter Platform Microchip Global stocks muted, Meta to unveil Twitter rival - what's moving markets

Investing.com — Global stocks search for direction with Wall Street set to remain closed on Tuesday for the July 4 holiday. Meanwhile, Meta gears up to release a platform to rival Twitter later this week in a bid to attract users unhappy with Elon Musk's management of the social media site. Elsewhere, China unveils export controls on two key minerals in the latest development of an ongoing war over microchips between Beijing and the West.

03.07 / 10:07

Blockchain Digital Huawei Xiaomi China Mobile Launches Metaverse Industry Alliance, Involving Tech Giants Like Huawei and Xiaomi

On June 28, 2023, in Shanghai, China Mobile announced the formal establishment of the China Mobile Metaverse Industry Alliance during the Mobile World Congress (MWC) Shanghai 2023. This initiative marks a significant stride in China Mobile's strategic foray into the rapidly expanding metaverse landscape.

03.07 / 06:09

UPS Manufacturing COMPOSITE Nikkei KOSPI Asian stocks Asian stocks rally on U.S. inflation miss, Nikkei at 33-year peaks

Investing.com — Most Asian stocks surged on Monday as a drop in U.S. inflation ramped up hopes for a less hawkish Federal Reserve, while data showing improving sentiment towards the Japanese economy put the Nikkei index back at 33-year highs.

03.07 / 04:25

UPS AXY Action NIFTY SENSEX Bulls in Action! Sensex scales Mt 65,000 on rally in financials, auto stocks

The BSE Sensex was trading 316 points or 0.49% higher at 65,034 while Nifty50 was trading at 19,274, up 85 points or 0.45% at around 9.21 am. From the Sensex pack, UltraTech Cement and M&M were the top gainers, rising over 2% each. HDFC, HDFC Bank, Tata Motors, SBI, Wipro and Tata Steel also opened higher.

29.06 / 09:27

Blockchain Citi Waves FIVE Digital Platform Action China's Shanghai Unveils Action Plan to Forge a New Path in the Metaverse Tourism Industry

Shanghai has taken a significant step in the realm of metaverse tourism with the release of the «Shanghai Action Plan for Creating a New Path in Metaverse Tourism (2023-2025)». The plan, unveiled by the Shanghai Municipal Bureau of Culture and Tourism, outlines the city's strategic focus on five key areas to propel the development of metaverse tourism in the coming years.

27.06 / 08:59

Blockchain Citi Digital Manufacturing Action Strategy BAY China's Shanghai Prioritizes Blockchain, Web3.0, and Metaverse in Three-Year Manufacturing Development Plan

Shanghai, a front-runner in the deployment of emerging technologies in China, has recently announced its ambitious «Three-Year Action Plan for Promoting High-Quality Development of Manufacturing (2023-2025).» This strategic initiative was revealed by the Shanghai Municipal Government Office, highlighting the city's commitment to accelerating the development of its digital economy with a focus on Blockchain, Web3.0, and the Metaverse.

16.06 / 02:40

Blockchain Citi Digital Progressive Shanghai, China, Launches a Comprehensive Technical Initiative for the Metaverse (2023-2025)

The Shanghai Municipal Science and Technology Commission announced today the release of its «Shanghai Metaverse Key Technology R&D Plan (2023-2025)». The plan revolves around the key technology dimensions of the Metaverse, including content, computation, transmission, and terminal technology, integrating domestic and international industrial development trends and local research and development foundations.

22.11 / 17:11

Citi Digital Shanghai Readies New Digital Yuan Giveaway

Shanghai, China’s biggest city and its most powerful financial hub, is set to give away digital yuan tokens to 7000,000 of its residents later this week.

29.06 / 10:39

markets stocks Federal Reserve Bitcoin Bitcoin price limps under $20K as Asia extends global stocks weakness

Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.

29.06 / 01:23

UPS Citi Booking Manufacturing China's economy didn't bounce back in the second quarter, China Beige Book survey finds

BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown in the second quarter from the first, reflecting the prolonged impact of Covid controls.

18.04 / 12:07

Citi Waves Southern Deaths reports Shanghai reports first Covid deaths since the start of its latest lockdowns

BEIJING — Shanghai city reported Monday its first Covid-related deaths since the latest wave of lockdowns began in earnest in late March.

05.01 / 18:55

cryptocurrency Crypto Trading Crypto Exchange Countdown18 days||Asian-Pacific Meta Universe New Era Summit

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

31.12 / 12:33

Blockchain Adoption Beijing Shanghai includes Metaverse in its development plan

Shanghai, China's most crowded city, is looking for ways to use metaverse in public services over the next five years.

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